Veranda Learning Solutions Limited has announced that it has signed a definitive agreement for the acquisition of equity shares of J. K. Shah Education Pvt Ltd through its wholly-owned subsidiary, Veranda XL Learning...
BYJU’S has to pay Rs 2,000 cr to clear Aakash acquisition deal on Sep 23
Edtech major BYJU’s is set to pay the remaining amount of nearly Rs 2,000 crore to VC firm Blackstone in the $1 billion acquisition of Aakash Educational Services on September 23. According to BYJU’s...
Veranda Learning Solutions to raise ₹300 cr via preferential issue, warrants
Edtech company, Veranda Learning Solutions has received approval for raising ₹300 crore through a mix of preferential issue of equity shares and convertible warrants. Of the total, promoters will infuse ₹61.40 crore...
Edtech cos eye hybrid route, mergers for business sustainability
Post-Covid, edtech and offline players in the country are opting for the hybrid route, mergers and partnerships to build a long-term and sustainable business model, according to experts. The future of the edtech...
upGrad raises $210 mn funding, eyes acquisitions in US, Southeast Asia
Ronnie Screwvala-led edtech unicorn upGrad said it has raised a funding of $210 million from marquee investors and Family Offices who join the company cap table. This round has witnessed participation from ETS Global...
Ronnie Screwvala-led upGrad eyeing acquisitions in the US, Southeast Asia
Ronnie Screwvala-led edtech unicorn upGrad has initiated a M&A (mergers and acquisitions) strategy in negotiations to acquire various companies in markets such as the US and Southeast Asia for expansion in those...
Bodhi Tree completes acquisition of 36% stake in Allen Career Institute for $600 mn
Bodhi Tree Systems, the equally owned joint venture between James Murdoch’s Lupa Systems and former Walt Disney Asia Pacific chief Uday Shankar, has completed the acquisition of a 36% stake in Test preparation...
Byju’s plans to raise $2.4 bn to buy American edtech firm 2U
Byju’s has proposed to acquire American edtech company 2U for $2.4 billion in the largest acquisition in this space, two people aware of the development said. Think and Learn Pvt. Ltd, which operates Byju’s, has...
Byju’s eyes Chegg or 2U as it weighs US acquisition
Byju’s, an Indian online education startup, is in discussions to acquire a US target and likely to bid for either Chegg Inc. or 2U Inc., according to people familiar with the matter. The Bengaluru-based company has held...
Education group Pearson sells Courseware businesses in Italy, Germany for $203 million
Global education group Pearson has agreed to sell its local K12 Courseware businesses in Italy and Germany to Sanoma Corporation for 163 million pounds ($203 million), it said on Tuesday. The British company, emerging...
NCLT dismisses plea filed against BSE-listed MT Educare by its former CFO
The bankruptcy court has dismissed a petition filed against BSE-listed MT Educare by its former chief financial officer for allegedly failing to clear his dues. The ruling is expected to set a precedent for similar...
Edtech firm Infinity Learn acquires Wizklub for USD 10 million
Education group Sri Chaitanya-backed edtech firm Infinity Learn announced the acquisition of Wizklub for USD 10 million (about Rs 77 crore) as part of its foray into the cognitive learning segment. The Wizklub team of...
